MADRID, Nov 3 (Reuters) - Spain's largest oil group Repsol (REP.MC: Quote, Profile, Research, Stock Buzz) is sending its head of upstream activities Nemesio Fernandez Cuesta to Ecuador for talks in an attempt to save its operations in the country, a spokesman for the company said on Monday.
"He is going this week and it is still planned for him talk to the Ecuadorean government," the spokesman said.
Ecuador said late on Friday it had decided to terminate a production contract with Repsol after a disagreement over new terms for oil extraction.
The termination marked President Rafael Correa's toughest move yet in the key industry.
In the past he has threatened to end deals with foreign companies as part of a negotiation strategy to secure better terms for the state.
Repsol, one of the Andean country's largest investors, extracts around 65,000 barrels of oil per day in Ecuador, though its work there represents a small part of its global operations. (Reporting by Jonathan Gleave; Editing by David Holmes)
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